U.S. Philadelphia Fed

By IBT Staff Reporter On 12/15/11 AT 10:34 AM

US Philadelphia Fed advanced unexpectedly in December to 10.3; better than the projected 2.0 and prior estimate of 3.6. According to the report summary for December, prices Prices was up tp 33.7 from 22.8 in December, Prices received were higher at 12.0 from 2.6, New orders at 9.7 from 1.3, shipments eased to 6.7 from 7.3, while inventories dropped to -14.9 from 6.6 and number of employees aslo eased to 10.7 from 12.0 November.